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  • QBE Europe has kicked off a 90 day consultation period with staff over potential redundancies as it looks at restructuring options for many of its support functions...
  • World’s largest insurer, American International Group (AIG), kicked off the US first quarter reporting season on 23 April when it said profits had jumped 36 percent to reach $2.6bn, compared with $1.95bn for the same period a year earlier.
  • There are greater opportunities for acquiring and managing run-off and distressed portfolios in the US than in the London market, according to a senior figure at recently UK-listed run-off business Randall & Quilter Investment Holdings plc (R&Q).
  • Rating agency Standard & Poor’s (S&P) have removed Bermudian energy mutual Oil Insurance Ltd (OIL) from CreditWatch with negative implications and affirmed its A-counterparty credit and financial strength ratings. The outlook is negative.
  • The alternative investment approach taken by Prem Watsa at the helm of Fairfax has helped the Canadian combine navigate a safe passage through the troubled waters of the financial markets.
  • Further evidence of the turnaround in market conditions for airline insurance has emerged in December - the busiest month for renewals in the sector - with around two thirds of the 19 programmes renewed so far showing...
  • But pressure mounts on O'Hara as arbitration defeat adds to woes for (re)insurer... Pressure is growing on senior management at Bermudian (re)insurer XL Capital after recent comments by equity analysts and rating agency Standard & Poor’s (S&P)...
  • Bermuda calls in McKinsey; Cash out at Juniperus; Former Gen Re CFO receives 18 months for $500mn fraud; Deutsch leaves Ironshore; FASB eases fair value rules; G20: Rating agencies to be regulated; Heritage opens Dubai office
  • Former RenaissanceRe executives Bill Riker and Michael Cash have completed their first collateralised reinsurance transactions for Q Re (Bermuda) Ltd - a new, class 3 Bermudian reinsurer backed by legendary investor George Soros.
  • Aon Corp unveiled a significant restructuring of its senior international management last month which saw Steve McGill, the former JLT Group chief executive, become the head of a newly created Aon Global division.